Filling out forms is a task that many of us find onerous. To reduce complexity associated with calculating aged care fees, the government has just released new means-test forms that make the process quicker and simpler. Here’s a brief overview of the new forms and how they may affect you.
Where retirement planning once focused on ‘life expectancy’, new and more useful ‘health expectancy’ figures provide a better planning guide. Health expectancy is a general term that describes the anticipated years spent in three key health states: without disability; with disability but no severe or profound core activity limitation; with severe or profound core activity limitation (the frailty years).
Key dates to remember
21st October 2019 - Lodge and pay September 2019 monthly Business Activity Statement & Instalment Activity Statement
21st October 2019 - Lodge and pay quarter 1 (July - September) Instalment Activity Statement
28th October 2019 - Super guarantee contributions for quarter 1, (July - September 2019) to be made to the fund.
31st October 2019 - Tax return for people who have not engaged in a Tax Agents services or for anyone who has one or more prior year tax returns outstanding as at 30 June 2019.
21st November 2019 - Lodge and pay October 2019 monthly Business Activity Statement & Instalment Activity Statement
25th November 2019 - Lodge and pay quarter 1 (July - September) Business Activity Statement (if lodged electronically by our office)